Excelerate Energy, Inc. (NYSE:EE) Receives $31.00 Consensus Price Target from Analysts

Excelerate Energy, Inc. (NYSE:EE) has received an average recommendation of “Hold” from the six research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $31.00.

A number of analysts recently issued reports on EE shares. JPMorgan Chase & Co. restated an “underweight” rating and issued a $31.00 price target (up previously from $22.00) on shares of Excelerate Energy in a research note on Tuesday, January 7th. Barclays boosted their target price on shares of Excelerate Energy from $26.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Stephens increased their price target on shares of Excelerate Energy from $28.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their price objective on Excelerate Energy from $19.00 to $22.00 and gave the company an “underweight” rating in a report on Tuesday, November 12th. Finally, Northland Securities increased their target price on Excelerate Energy from $29.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th.

Hedge Funds Weigh In On Excelerate Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TimesSquare Capital Management LLC acquired a new stake in shares of Excelerate Energy in the fourth quarter valued at approximately $13,854,000. Hotchkis & Wiley Capital Management LLC bought a new position in Excelerate Energy in the 3rd quarter worth approximately $4,385,000. Raymond James Financial Inc. acquired a new stake in Excelerate Energy in the 4th quarter valued at approximately $5,510,000. Harvest Fund Management Co. Ltd bought a new stake in Excelerate Energy during the 4th quarter valued at $1,622,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in Excelerate Energy by 40.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 180,204 shares of the company’s stock worth $3,966,000 after acquiring an additional 52,007 shares during the period. 21.79% of the stock is currently owned by institutional investors and hedge funds.

Excelerate Energy Price Performance

EE stock opened at $30.50 on Friday. The stock’s 50 day moving average is $30.68 and its two-hundred day moving average is $25.37. Excelerate Energy has a 52-week low of $13.38 and a 52-week high of $32.99. The company has a market capitalization of $3.24 billion, a PE ratio of 30.81, a P/E/G ratio of 1.96 and a beta of 1.41. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 0.34.

Excelerate Energy Company Profile

Excelerate Energy, Inc provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; and natural gas supply to-power projects.